Further landlord rent arrears ‘possible’

A further pick-up in landlord rent arrears is possible due to the rising unemployment figures in the UK, it has been suggested.

Vincenzo Rampulla, public affairs officer for the National Landlords Association (NLA), claimed that the government has more work to do in order to protect private landlords and the private rented sector as whole experiencing such a situation.

Despite his warning, the NLA representative stated that low interest rates over the last few months have helped property professionals.

With property tax, mortgages and other bills to pay, the record low 0.5 base rate which has been in place since March has been a fillip for private landlords, it would seem.

According to Mr Rampulla, this has gone some way to ensuring no increase in property possessions has been witnessed in the last six months, while arrears are also down 17 per cent in that time.